Cenergy Holdings earnings outlook

In late July, Euroxx Securities reaffirmed a €26.5 target price for Cenergy Holdings and projected a 26% upside, citing higher profit margins, a growing project backlog and the upcoming start‑up of a new production plant in Maryland, USA, expected in 2028. The firm forecasted 2026 EBITDA of €415.2 million and a 29% rise in net profit, presenting the recent share correction as an entry point for investors.

A week later, Cenergy reported a 45% jump in first‑half 2026 net profit to €138 million, with sales up 13% year‑on‑year. Adjusted EBITDA rose 26% to €216 million, and the company lifted its 2026 EBITDA guidance to €390‑€420 million. The results were driven by a record €3.9 billion order backlog, including a €1.15 billion framework agreement with Greek grid operator ADMIE for inter‑island connections, and the anticipated capacity from the Maryland cable‑manufacturing plant and a new steel‑pipe facility in the United Kingdom.